https://www.taxtmi.com/caselaws?id=365261 The Tribunal ruled in favor of the appellants, holding that they were not required to pay cenvat credit in cash on inputs, semi-finished goods, and finished goods when opting for exemption under Notification No. 8/2003-CE. The Tribunal emphasized that Rule 11(3) of the Cenvat Credit Rules, 2004, did not mandate cash payment if no balance existed after reversing cenvat credit. Citing relevant precedents, the Tribunal overturned the order directing payment and provided consequential relief to the appellants, highlighting the transitional nature of Rule 11(3 and the lapse of credit post-reversal. en-us Thu, 09 Aug 2018 00:00:00 +0530 Tue, 14 Aug 2018 07:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365261 The Tribunal ruled in favor of the appellants, holding that they were not required to pay cenvat credit in cash on inputs, semi-finished goods, and finished goods when opting for exemption under Notification No. 8/2003-CE. The Tribunal emphasized that Rule 11(3) of the Cenvat Credit Rules, 2004, did not mandate cash payment if no balance existed after reversing cenvat credit. Citing relevant precedents, the Tribunal overturned the order directing payment and provided consequential relief to the appellants, highlighting the transitional nature of Rule 11(3 and the lapse of credit post-reversal. Case-Laws Central Excise Thu, 09 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365261